[XMR] Monero Speculation - page 2146.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: nutildah on October 10, 2014, 08:02:30 PM

Do you guys realize Monero's pretty much just gone down since mid June?

Why do you keep listening to the same voices that got you into this mess in the first place?

Or is there just a fresh cycle of noobs that keeps filling the place of those exiting?

Thank you for your concern for others.

Yes some people are a bit optimistic for the short term but there is no reason to be pessimistic.

#1 is because of high emissions. They are however coming down. The reward was over 16XMR/blk in June and as shown below it is now under 14XMR. Everybody likes round numbers and one such number is 13.888 which is the block reward where less than 20,000 are mined a day.

Last Reward: 13.8221 XMR
Last Reward: 13.9692 XMR
Last Reward: 13.8221 XMR
Last Reward: 14.1005 XMR
Last Reward: 13.9750 XMR

#2 is waiting for necessary improvements for XMR to be able to be used by The Drooling Masses®. Although I am one of The Drooling Masses I have been able to mine and use XMR due to motivation.

#3 is the FUD of the last 3 weeks which is coming to an end one way or another "soon".

May I also point out that btc has been in a decline since June as well. XMR is niether a shitcoin nor a P&D

@smooth, your welcome although at this point I'm not in a mess

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: nutildah on October 10, 2014, 08:02:30 PM

Do you guys realize Monero's pretty much just gone down since mid June?

Why do you keep listening to the same voices that got you into this mess in the first place?

Or is there just a fresh cycle of noobs that keeps filling the place of those exiting?

I consider the 1-2 week Mintpal pump in mid-June to have been a one-off and I thought it was stupid at the time (I said so at the time and I sold into it). If you exclude it, the price is pretty steady the whole time (though to be fair it is near the bottom of the historical trading range right now).

I have no idea who bought during that pump but whoever that was has the mess, not me.

nutildah

legendary

Activity: 3010

Merit: 8114

Do you guys realize Monero's pretty much just gone down since mid June?

Why do you keep listening to the same voices that got you into this mess in the first place?

Or is there just a fresh cycle of noobs that keeps filling the place of those exiting?

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Quote from: EFS on October 10, 2014, 06:16:59 PM

Quote from: dnaleor on October 10, 2014, 06:09:18 PM

Time for that breakout?

Probably and hopefully. We are waiting bull market for a long time.

Finally sub 200k XMR for sale. Perhaps the announcement of Crypto Kingdom has incited a rush on Monero.

EFS

staff

Activity: 3822

Merit: 2123

Crypto Swap Exchange

Quote from: dnaleor on October 10, 2014, 06:09:18 PM

Time for that breakout?

Probably and hopefully. We are waiting bull market for a long time.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Time for that breakout?

edit: added fib levels. It seems that the current resistance at 0.0032 BTC is perfactly in line with the fib level.

600watt

legendary

Activity: 2338

Merit: 2106

btw...

pa

hero member

Activity: 528

Merit: 501

Quote from: NewLiberty on October 09, 2014, 12:32:00 PM

Quote from: dnaleor on October 09, 2014, 08:45:37 AM

long term: MOON

The artist should do the cat's ears so that it makes a better "M"

And spell it "Moonero"

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: dnaleor on October 09, 2014, 08:45:37 AM

long term: MOON

The artist should do the cat's ears so that it makes a better "M"

Come-In-Behind

full member

Activity: 182

Merit: 100

Quote from: saddambitcoin on October 09, 2014, 09:26:01 AM

It seems that someone with a lot of XMR wants to keep the price down. 300k XMR on the books at Polo.

I don't understand why anyone would sell Monero under 0.004.

To suppress the price so their friends/associates w/e, can buy in.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

It seems that someone with a lot of XMR wants to keep the price down. 300k XMR on the books at Polo.

I don't understand why anyone would sell Monero under 0.004.

robinwilliams

member

Activity: 112

Merit: 10

rptiella - your rich right? how about this to drive monero's price up.

A - buy this domain. https://flippa.com/3261174-anonymity-com-internet-related-proxy-ip-address-great-project-domain-now

B - offer an "insurance" on drugs to make money - works something like this.
- you give explitcit instructions on how people should buy drugs in open bazaar (use tails, only buy from this vendor, buy these types in this country, only use monero etc etc etc)
- you mark whatever drugs up 10% and if they can prove they follow all your instructions you pay for the best lawyer in their area

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Short term speculation: Possiblity to drop to 0.00295 before uptrend picks up

Mid term speculation: downtrend seems to be broken.

long term: MOON

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

I would think with Open Bazaar and such that anonymous cryptos such as Monero will RAPIDLY rise in use (and value). Anyone know how close we are to being used in Open Bazaar or ?

rpietila

donator

Activity: 1722

Merit: 1036

I was fantasizing with the idea that the 10 biggest whales would each make even 1 OTC-deal to their friends/business associates per week. Only for $5000. This would be $50k per week, 50,000 XMR.

If this had been the way all along, 40% of XMR would already belong to well-connected businessmen all over the world, with a visible boost to price and adoption.

I am doing it, but you can do it also.

rpietila

donator

Activity: 1722

Merit: 1036

It goes to my clients. I am starting XMR/EUR dealing.

It is only 10,000 EUR and one guy.

Do the math.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Nice 40 BTC market buy!

freebud

newbie

Activity: 33

Merit: 0

Quote from: rpietila on October 06, 2014, 02:43:27 PM

Quote from: freebud on October 06, 2014, 01:03:46 PM

Quote from: rpietila on October 06, 2014, 12:40:28 PM

Quote from: rangedriver on October 06, 2014, 12:30:13 PM

Unlikely to go down now. There would need to be a good reason for it to do so.

The mechanism for going down requires everybody to simultaneously decide that the current level is too high. If there is even one who thinks otherwise, it does not go down.

Going up is much different. A few, even just one, people deciding to buy, make it go up.

I can't believe you really think that..
I perceive most of real XMR supporters as quite intelligent, and you being the executive of MEW should think a bit longer before writing nonsense.

My intention (along with some that the others have already interpreted), has been to elucidate the asymmetry between the impact needed for price going down and price going up.

Currently, to force the price down 10%, one needs to sell 39,000 XMR. About ~9 people have this amount if they sell it all. Needless to say, it is unlikely that the price would go down unless many of them combine to sell large parts of their holdings.

To keep the price from going down 10%, one needs to absorb the 39,000 XMR by selling 100 BTC. There are 10,000 people in the world with 100 BTC, and if fiat holders are taken into account, the number rises to high 100s of millions(!).

Therefore, any 1 out of 100s of millions can keep the price up (or make it go up, which is analoguous), but it takes concerted (in)action of several out of ~9 to make it go down.

ok, this is an interesting argument, quite different from the initial one. Sorry if I was too harsh in my previous comment, I think it's very important that you and other prominent figures in the XMR scene will stay honest and rational.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Eastwind on October 06, 2014, 02:50:41 PM

Quote from: rpietila on October 06, 2014, 02:43:27 PM

My intention (along with some that the others have already interpreted), has been to elucidate the asymmetry between the impact needed for price going down and price going up.

Currently, to force the price down 10%, one needs to sell 39,000 XMR. About ~9 people have this amount if they sell it all. Needless to say, it is unlikely that the price would go down unless many of them combine to sell large parts of their holdings.

To keep the price from going down 10%, one needs to absorb the 39,000 XMR by selling 100 BTC. There are 10,000 people in the world with 100 BTC, and if fiat holders are taken into account, the number rises to high 100s of millions(!).

Therefore, any 1 out of 100s of millions can keep the price up (or make it go up, which is analoguous), but it takes concerted (in)action of several out of ~9 to make it go down.

Does this apply to any coin?

Yes.

What results, is a "spiky" price curve with high spikes and long valleys.

Eastwind

hero member

Activity: 896

Merit: 1000

Quote from: rpietila on October 06, 2014, 02:43:27 PM

My intention (along with some that the others have already interpreted), has been to elucidate the asymmetry between the impact needed for price going down and price going up.

Currently, to force the price down 10%, one needs to sell 39,000 XMR. About ~9 people have this amount if they sell it all. Needless to say, it is unlikely that the price would go down unless many of them combine to sell large parts of their holdings.

To keep the price from going down 10%, one needs to absorb the 39,000 XMR by selling 100 BTC. There are 10,000 people in the world with 100 BTC, and if fiat holders are taken into account, the number rises to high 100s of millions(!).

Therefore, any 1 out of 100s of millions can keep the price up (or make it go up, which is analoguous), but it takes concerted (in)action of several out of ~9 to make it go down.

Does this apply to any coin?

Topic: [XMR] Monero Speculation - page 2146. (Read 3313076 times)